CBS AND NETFLIX ANNOUNCE EXTENSION FOR INTERNATIONAL LICENSING AGREEMENTS IN CANADA, LATIN AMERICA, THE UNITED KINGDOM AND IRELAND

LOS ANGELES, Nov. 1, 2012 – CBS Corporation (NYSE: CBS.A and CBS) and Netflix, Inc. (Nasdaq: NFLX) announced today an extension of their international licensing agreements to stream select CBS Corporation shows in Canada, Latin America, the United Kingdom and Ireland. Terms of the agreements were not disclosed.

As part of the extended agreements, Netflix members in each of these territories will enjoy previous seasons of Showtime’s DEXTER and popular CBS library programs such as “Charmed,” “Jericho” and “The 4400.” Previous seasons of other critically acclaimed and popular series will be available on a territory-by-territory basis, including CBS’s THE GOOD WIFE and HAWAII FIVE-0, as well as Showtime’s HOUSE OF LIES and THE BORGIAS.

“Netflix is a great partner, and this has been a mutually beneficial relationship that has helped grow our respective businesses,” said Armando Nuñez, President and CEO of the CBS Global Distribution Group. “It is an arrangement that showcases our premium content on Netflix’s world-class service in a way that complements our traditional worldwide licensing and adds to our overall international revenue.”

“We are delighted to be bringing more great CBS and Showtime series to our members throughout the world,” said Ted Sarandos, Netflix Chief Content Officer. “Our goal is to give Netflix members a broad mix of engaging shows to watch, and this extended agreement does just that.”

About CBS Corporation

CBS Corporation (NYSE: CBS.A and CBS) is a mass media company that creates and distributes industry-leading content across a variety of platforms to audiences around the world. The Company has businesses with origins that date back to the dawn of the broadcasting age as well as new ventures that operate on the leading edge of media. CBS owns the most-watched television network in the U.S. and one of the world’s largest libraries of entertainment content, making its brand – “the Eye” – one of the most recognized in business. The Company’s operations span virtually every field of media and entertainment, including cable, publishing, radio, local TV, film, outdoor advertising, and interactive and socially responsible media. CBS’s businesses include CBS Television Network, The CW (a joint venture between CBS Corporation and Warner Bros. Entertainment), Showtime Networks, CBS Sports Network, Smithsonian Networks, Simon & Schuster, CBS Television Stations, CBS Radio, CBS Outdoor, CBS Television Studios, CBS Global Distribution Group, CBS Interactive, CBS Consumer Products, CBS Home Entertainment, CBS Films and CBS EcoMedia. For more information, go to www.cbscorporation.com.

About Netflix, Inc.

With more than 30 million streaming members in the United States, Canada, Latin America, the United Kingdom, Ireland and the Nordics, Netflix, Inc. (NASDAQ: NFLX) is the world's leading Internet subscription service for enjoying movies and TV programs. For one low monthly price, Netflix members can instantly watch movies and TV programs streamed over the Internet to PCs, Macs and TVs. Among the large and expanding base of devices streaming from Netflix are the Microsoft Xbox 360, Nintendo Wii and Sony PS3 consoles; an array of Blu-ray disc players, Internet-connected TVs, home theater systems, digital video recorders and Internet video players; Apple iPhone, iPad and iPod touch, as well as Apple TV and Google TV. In all, over 800 devices that stream from Netflix are available. For additional information, visit www.netflix.com. Follow Netflix on Facebook and Twitter.